India: ERW pipe prices fall by INR 200/t in key markets

Electric resistance welded (ERW) patra pipe prices decreased by INR 200/t in Raipur and Mandi Gobindgarh on 18 Dec’21, as per SteelMint assessment. Current offers for base grade ERW pipe (41-60 OD) are assessed at INR 48,300/t exw-Raipur and INR 49,800/t exw-Mandi. SteelMint reported pipe prices in Raipur at INR 47,500/t last week. Prices do not include GST at 18%.